KHAMAK CORP: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KHAMAK CORP
Largest movements
- Tangible fixed assets -€151,518
down €151,518 (-22.3%), from €678,902 to €527,384
of which Other tangible fixed assets: -€116,369
- Cash +€62,668
up €62,668 (+40.1%), from €156,341 to €219,008
mainly Depreciation (+€180,996) and Net result for the year (+€64,563)
- Debts after one year -€172,896
down €172,896 (-22.9%), from €755,300 to €582,404
of which Financial debts: -€86,896
- Profit (loss) carried forward +€64,563
up €64,563 (+15.8%), from -€409,584 to -€345,021
- Trade debts +€19,416
up €19,416 (+144%), from €13,488 to €32,903
- Accrued charges and deferred income +€19,278
up €19,278 (+9.5%), from €203,297 to €222,575
- Short-term financial debts -€11,934
down €11,934 (-33.7%), from €35,370 to €23,436
- Gross operating margin +€115,141
up €115,141 (+69.9%), from €164,690 to €279,830
- Other operating charges -€4,504
down €4,504 (-28.3%), from €15,924 to €11,420
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €835,352 | €746,392 | -€88,960 | -10.6% |
| Fixed assets | 21/28 | €678,902 | €527,384 | -€151,518 | -22.3% |
| Tangible fixed assets | 22/27 | €678,902 | €527,384 | -€151,518 | -22.3% |
| Plant, machinery and equipment | 23 | €12,187 | €17,008 | +€4,822 | +39.6% |
| Furniture and vehicles | 24 | €184,055 | €144,084 | -€39,971 | -21.7% |
| Other tangible fixed assets | 26 | €482,660 | €366,291 | -€116,369 | -24.1% |
| Current assets | 29/58 | €156,450 | €219,008 | +€62,558 | +40.0% |
| Amounts receivable within one year | 40/41 | €110 | - | -€110 | |
| Other amounts receivable | 41 | €110 | - | -€110 | |
| Cash at bank and in hand | 54/58 | €156,341 | €219,008 | +€62,668 | +40.1% |
| Total equity and liabilities | 10/49 | €835,352 | €746,392 | -€88,960 | -10.6% |
| Equity | 10/15 | -€248,527 | -€183,964 | +€64,563 | +26.0% |
| Contributions | 10/11 | €81,061 | €81,061 | = | 0.0% |
| Reserves | 13 | €79,995 | €79,995 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,106 | €8,106 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,106 | €8,106 | = | 0.0% |
| Distributable reserves | 133 | €71,889 | €71,889 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€409,584 | -€345,021 | +€64,563 | +15.8% |
| Amounts payable | 17/49 | €1,083,879 | €930,357 | -€153,523 | -14.2% |
| Amounts payable after more than one year | 17 | €755,300 | €582,404 | -€172,896 | -22.9% |
| Financial debts | 170/4 | €529,300 | €442,404 | -€86,896 | -16.4% |
| Other amounts payable | 178/9 | €226,000 | €140,000 | -€86,000 | -38.1% |
| Amounts payable within one year | 42/48 | €125,283 | €125,378 | +€95 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €65,896 | €68,462 | +€2,566 | +3.9% |
| Financial debts | 43 | €35,370 | €23,436 | -€11,934 | -33.7% |
| Credit institutions | 430/8 | €35,370 | €23,436 | -€11,934 | -33.7% |
| Trade debts | 44 | €13,488 | €32,903 | +€19,416 | +144% |
| Suppliers | 440/4 | €13,488 | €32,903 | +€19,416 | +144% |
| Taxes, remuneration and social security | 45 | €153 | €531 | +€378 | +247% |
| Taxes | 450/3 | €153 | €531 | +€378 | +247% |
| Other amounts payable | 47/48 | €10,377 | €45 | -€10,331 | -99.6% |
| Accrued charges and deferred income | 492/3 | €203,297 | €222,575 | +€19,278 | +9.5% |
| Remuneration, social security and pensions | 62 | €1,013 | €1,661 | +€648 | +63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,690 | €180,996 | +€306 | +0.2% |
| Other operating charges | 640/8 | €15,924 | €11,420 | -€4,504 | -28.3% |
| Gross operating margin | 9900 | €164,690 | €279,830 | +€115,141 | +69.9% |
| Operating profit (loss) | 9901 | -€32,938 | €85,754 | +€118,692 | |
| Financial charges | 65/66B | €19,248 | €20,660 | +€1,411 | +7.3% |
| Recurring financial charges | 65 | €19,248 | €20,660 | +€1,411 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€52,187 | €65,094 | +€117,281 | |
| Income taxes | 67/77 | €153 | €531 | +€378 | +247% |
| Profit (loss) for the period | 9904 | -€52,340 | €64,563 | +€116,903 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,340 | €64,563 | +€116,903 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.